Hot Residential Market a Sudden Boon to Some NYC Nonprofit Property Owners

The Nonprofit Quarterly has written a lot about the problems caused for many nonprofits by owning their buildings. Even in today’s newswires, there is a story about serious building problems among a few Pennsylvania groups. But in New York City, a few very well heeled nonprofits are leaping on an opportunity in the real estate market to divest themselves of ownership in favor of long-term leases.